QQQ Implies GOOG At $660 (-12.5%) - So Far

While GOOG is halted, the rest of the world goes on trading - with 165 hedge funds seeking protection somewhere... QQQ is trading lower, implying a $660 price for GOOG or down 12.5% on the day... so far...

This is what they refer to as a Market Stress factor. We saw this in 2000 about a month before the crash started, with a small software firm that had a 35 B market cap and a $350 stock price take a pre market leap down to the depths of $70 before rebounding to 140 and then it was a slow drip to a sub $5.00 before they did a reverse split.

They will blame it on this and blame it on that but you nailed the most important part of what we just saw. Day to day any selling is just part of the game, it keeps the music playing. As soon as the balance is disrupted buying is halted and real selling kicks in. Timmmbbber.

Yeah, that's what I want to know. Yo Reggie, where's that sword at? This bitch is getting cut to pieces right down to the price you were showing on CNBC before it took off, headed down to August and July levels?. Do ya think CNBC will call you up to explain how this could happen? I mean at least Apple gave a little warning before it dropped 10%. It didn't do it in 2.1 minutes in the middle of a trading day where the only ones who could take advantage of it was all the HFT trading platforms and the people who paid massive premiums on their Puts. They at least got something.

Normally on a drop like this you see Puts that far out of the money up 2000% and I'm looking and seeing $2.00 Puts up $1.00.

Its only halted for us peons......the big boys are getting out as we wait...then they will turn it back on to where we will only get the bottom price...its all fixed...but I bet it screwed up some HFT boys who were at lunch not expecting the numbers so soon.......the casino is open...no shut...no open again....oh whatever...got gold

Even though tomorrow I expect to see GOOG trading back at today's highs, it is re-assuring to see that Bernanke doesn't have complete control and that a stock can fall significantly. Albeit only temporarily.